Wednesday, August 21

How to Get a Loan – Real Estate Investing Made Simple

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How to Get a Loan-Real Estate Investing Made Simple: The easier a loan is to get, the less money you will make, the more trapped you are, and the fewer buyers will be there to buy your deal on your exit. There are different types of loans, and the easiest to get is a residential loan, which is 4 units or less and you must live in one of them.

This is better than a home loan. This loan is not just based on your credit, it’s based on income. Commercial loans are more difficult to get.

Here’s what they’re going to look for:

1. They’re going to look at your net worth first.
2. Next, they’ll look at your credit.
3. Finally, they’ll look at your track record, what kind of experience you have.

The most important thing to have is #1. You need net worth to get started. Watch as I take callers today and review their deals so that you too can educate yourself on this business.

Check out https://cardonecapital.com/ for more on how you can invest with me and not worry about securing your own loan.
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Grant Cardone is a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance. His 5 privately held companies have annual revenues exceeding $100 million. Forbes named Mr. Cardone #1 of the "25 Marketing Influencers to Watch in 2017". Grant’s straight-shooting viewpoints on the economy, the middle class, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. He regularly appears on Fox News, Fox Business, CNBC, and MSNBC, and writes for Forbes, Success Magazine, Business Insider, Entrepreneur.com, and the Huffington Post. He urges his followers and clients to make success their duty, responsibility, and obligation. He currently resides in South Florida with his wife and two daughters.

28 Comments

  • Mikey Garganoie

    Don’t get excited, it’s illegal to make money with cardone unless you have an income of $200,000 for the last two years or a net worth of 1 million

    • Sandor A. Csutak

      I know they asking a lot for it, I did make the calculations. I put the worst situations as far as the money I would borrow for down payment at 15% interest. For the bank 6% interest after paying everyone which is the management, bank and private lander I would end up still with 70.000 a year. I understand it’s not s lot of money, but if you read the info on the deal they have remodeled 50% of the units. So maybe I did missed something. Would anyone able to go true the calculation with me to see if I’ve missed something or I didn’t calculate everything right. Please let me know. My phone number is 6308904790

    • Somanyways

      Sandor A. Csutak Sandor A. Csutak
      They are asking too much ” brother ”
      I’m not even in Real estate and I already can say it’s a rip off !!!!!!!!
      Do the simple math lol !!!
      Don’t be a fool
      Do tha math !!!
      Or you need help ?

    • Re3iRtH

      Storm Survivor He absolutely doesnt. Do the math. $750M in property values, $450 in debt. And he doesn’t hold much cash because he likes to put money into RE as soon as he gets it. So $300MM $320MM tops.

  • Aaron Oborn

    Grant, do you often make offers on property below asking? It seems you talk about buying the best deals at a higher price if necessary. Obviously many deals work if you get a lower buying price.
    Next question: when you own properties with substantial equity positions do you ever refi the money back out for another deal and bring it back to 25% or so?
    I apologize if you’ve answered these. I’ll keep watching.
    Thank you!

  • Five Speed

    Grant – Does it have to be a single entity llc? Can two 50/50 partners start an LLC and still operate it like a single for taxes such as both claiming profits and losses against each individual income taxes?

  • bill

    Love your vids but stop with the idiots talking near the mic. We’re here for Cardone, not his annoying interns or whomever who won’t shut their traps.

  • T Hyslop

    On the way up debt is great, valuation wise, that is. But what about on the way down? How long will the Fed keep interest rates down? How long will the central banks continue to monetize debt? So long as interest rates stay low this acts as an artifical prop under the current real estate market. So what happens when interest rates turn or worse the bond market implodes and interest rates skyrocket? That 5 million dollar loan you have on the apartment complex at 5% is now underwater, because the value of the property is now worth only 2 million in the new high interest rate environment. And your vacancy rate plummets to 50% because people have lost their jobs. You are on the hook for 5, but the property is worth two. Now whadda ya gonna do? Yeah, i know, refinance at 15% Does that get mentioned here?

    I see Grant Cardone as a snake in the grass. You might want to read up on the history of the real estate bubble in Japan. There are so many parallels to this market it is unbelievable.

    I believe their buble popped in 1990, they went thru another mini bubble and now their values I think are still only at 50% of what they were prebubble, that was 27 years ago.

    And his only response, “haters, gonna hate”. So much to say. It is stupid money, it is right now essentially free. When money becomes infinite does it have any value?

    And when it is free you are careless with it. When this real estate bubble pops. It just might be Grant Cardone who is behind the counter selling you that next six pack of beer. Better yet read the quotes of P T Barnum to get some insight. Can find them online.

  • Sian Williams

    Hi Grant, I looked you up after spending time with Tom Wade and Joe Doyle in Barcelona (top bloke).
    Really enjoying your content and different perspectives. Its amazing that we can connect with experienced people around the world within a few seconds! Best wishes to you and thanks for sharing.

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